Letter to the Star Ledger: Gov. Jon Corzine's $29 billion fiscal 2010 budget contains more than $1 billion in tax hikes. Virtually all New Jerseyans will be paying more taxes during a period of rising unemployment, foreclosures and bankruptcies. There is one word to describe this policy: dumb. During the Great Depression, President Herbert Hoover raised income and other taxes, helping turn the economic downturn into a deep depression. After running on a fiscal conservative platform during the 1932 presidential campaign, FDR too raised taxes during the 1930s, turning the Great Depression into a multi-year slump. Corzine is making the same mistake of both Hoover and FDR. Raising taxes during a major economic downturn is the wrong medicine to deal with the slumping economy. Read full Star Ledger article here.
Monday, July 6, 2009
Letter To Star Ledger : Corzine Making Big Mistake
Letter to the Star Ledger: Gov. Jon Corzine's $29 billion fiscal 2010 budget contains more than $1 billion in tax hikes. Virtually all New Jerseyans will be paying more taxes during a period of rising unemployment, foreclosures and bankruptcies. There is one word to describe this policy: dumb. During the Great Depression, President Herbert Hoover raised income and other taxes, helping turn the economic downturn into a deep depression. After running on a fiscal conservative platform during the 1932 presidential campaign, FDR too raised taxes during the 1930s, turning the Great Depression into a multi-year slump. Corzine is making the same mistake of both Hoover and FDR. Raising taxes during a major economic downturn is the wrong medicine to deal with the slumping economy. Read full Star Ledger article here.
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3 comments:
same with our so called "republican" congressman Chris Smith who was one of the 8 repubs to vote for cap and trade energy bill which would raise taxes for the struggling nj famalies shame on him.
What makes you think that Corzine is any different from his Rebbe (Barack) in Washington ?
liberalism is a mental disorder he cant help himself he's sick
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